Australian, N.Z., Stocks: Boral, Bradken, Lynas, Cavalier

The following were among the most active shares in the
market today. Stock symbols are in parentheses after company
names.

Boral Ltd. (BLD) dropped 3.4 percent to A$3.68 to the
lowest since January after the construction manufacturer
reported a A$22 million first quarter profit that missed
forecasts. The company lowered its fist-half profit guidance.

Bradken Ltd. (BKN) slumped 11 percent to A$7.53, the
biggest drop since February and the largest decline on the
benchmark S&P/ASX 200, after the industrial products supplier
cut its earnings forecast.

Lynas Corp. (LYC) fell 2.2 percent to A$1.12 as the
mining company said it’s been “very seriously” impacted by
delays in being issued with a refining license in Malaysia where
the first phase of the world’s biggest rare-earths plant is
nearing completion.

Thankral Holdings Group (THG) rallied 28 percent to 74
cents after Brookfield Asset Management Inc. offered to buy the
property developer and manager in a bid valuing the company at
about A$410 million ($425 million).

New Zealand companies:

Cavalier Corp. (CAV) slumped 9.4 percent to NZ$1.93 to
the lowest since July 2009 after saying market conditions for
the carpet business remain “very soft” and costs may result in
a loss for the year of as much as NZ$3 million.